In 2009, when the VN Index soared from 324 points to the year's peak of 630 points, the richest stock billionaire had total assets worth over VND9 trillion. But now, one needs to have much more to be listed among the top billionaires. KBC price hovers around VND14,950 per share. With 75 million KBC in hands, Tam now ranks 53rd on the list of top billionaires. … [Read more...] about How much is needed to be listed among the top stock billionaires in Vietnam?
Stock market vs stock exchange
An employee from Hong Phat gold shop on the street who wished to remain anonymous told Viet Nam News that “they [gold investors] changed a lot. They used to shop for gold whenever the prices were higher.” … [Read more...] about COVID-19 sends Vietnam’s gold price soaring to 8-yr high
Ngo Hoai Chung, vice chairman of the Vietnam National Administration of Tourism, told VIR, “As the outbreak impacts every economic sector, the domestic tourism industry estimates a $2 billion loss a month, which means we may lose $7 billion in the first quarter of 2020.” … [Read more...] about SBV orders banks to cut or delay interest payments to cushion economy
Lê Thị Huỳnh Mai, director of the city’s Department of Planning and Investment, said the city’s total retail sales of goods and service revenue reached VNĐ113 trillion ($4.86 billion) in January, up 3.6 per cent compared to December and up 11.2 per cent over the same period last year. … [Read more...] about City aims to improve production of major industries
The plan, developed by Vietnam Institute for Urban and Rural Planning under the Construction Ministry, highlighted Binh Dinh as one of five provinces in the central key economic zone. The province has an important position economically and geographically as it is on the axis of the North-South expressway and railway, is home to Phu Cat Airport and is the nearest gate to the East Sea for Vietnam’s Central Highland region, southern region of Lao, northeastern region of Cambodia and northeastern region of Thailand through National Highway No 19 and Quy Nhơn International Seaport. … [Read more...] about Regional planning for Binh Dinh Province approved